Re: bursar-l: Check Scanning

At Georgia Institute of Technology we switched to
scanning for electronic ACH presentment to the
bank. This process actually eliminated various
steps and duplication than the more traditional
method. So yes, I would say it actually saved us
time and money. We can transmit several times a
day and if we at least send the last transmission
by 7:00 pm we get same day credit at our
bank. Eliminate the endorsement process and
actually serves as a very effective balancing
tool for the cashiers. The cashiers can actually
close their sessions for the day and scan their
checks which will then give them the totals for
them to verify they are in balance. Actually
eliminating the more tedious calculator totals and tapes.

Hope this helps.

Carol Payne

At 05:38 PM 8/10/2007, Landwehr, Geri wrote:
>-->
>
>Please respond to list serv – I would be interested as well.
>
>
>
>Geri Landwehr
>
>University Northern Colorado
>
>970-351-1824
>
>
>
>----------
>From: bursar-l-bounces@list.mail.virginia.edu
>[mailto:bursar-l-bounces@list.mail.virginia.edu] On Behalf Of Stephen Van Brunt
>Sent: Friday, August 10, 2007 3:18 PM
>To: bursar-l@virginia.edu
>Subject: bursar-l: Check Scanning
>
>
>
>Has anyone converted from traditional depositing
>of paper checks to scanning w/electronic
>presentation? Were there any issues with
>reconciling cashier sessions? What were the true
>cost savings and how long did they take to materialize?
>
>
>
>Any help is appreciated…
>
>
>
>Thanks,
>
>
>
>STEVE
>
>
>
>Stephen Van Brunt
>
>
>
>Bursar
>
>Office of the Controller
>
>Florida Institute of Technology
>
>150 West University Boulevard
>
>Melbourne, FL 32901-6975
>
>Phone: 321.674.8083
>
>Fax: 321.674.8903
>
>
>
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Carol W. Payne, Bursar
Georgia Institute of Technology
(404) 894-5596
(404) 894-5536 (fax)

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Received on Sun Aug 12 22:26:27 2007